CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2017 |
Mar. 31, 2016 |
| Operating Activities: |
|
|
| Net Income |
$ 261,338
|
$ 246,033
|
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |
|
|
| Depreciation |
186,805
|
173,986
|
| Deferred Income Taxes |
141,398
|
141,132
|
| Pension, SERP and PBOP Expense, Net |
5,828
|
11,583
|
| Pension and PBOP Contributions |
(45,700)
|
(30,383)
|
| Regulatory Over/(Under) Recoveries, Net |
56,734
|
(82,772)
|
| Amortization of Regulatory Assets, Net |
24,017
|
20,997
|
| Other |
(42,428)
|
(16,532)
|
| Changes in Current Assets and Liabilities: |
|
|
| Receivables and Unbilled Revenues, Net |
(50,251)
|
(133,965)
|
| Fuel, Materials, Supplies and Inventory |
(33,058)
|
(22,748)
|
| Taxes Receivable/Accrued, Net |
32,313
|
279,106
|
| Accounts Payable |
(57,701)
|
(76,317)
|
| Other Current Assets and Liabilities, Net |
(42,793)
|
(10,156)
|
| Net Cash Flows Provided by Operating Activities |
436,502
|
499,964
|
| Investing Activities: |
|
|
| Investments in Property, Plant and Equipment |
(523,560)
|
(431,472)
|
| Proceeds from Sales of Marketable Securities |
154,772
|
136,805
|
| Purchases of Marketable Securities |
(149,688)
|
(135,427)
|
| Other Investing Activities |
(11,281)
|
5,494
|
| Net Cash Flows Used in Investing Activities |
(529,757)
|
(424,600)
|
| Financing Activities: |
|
|
| Cash Dividends on Common Shares |
(150,521)
|
(141,157)
|
| Cash Dividends on Preferred Stock |
(1,880)
|
(1,880)
|
| Decrease in Notes Payable |
(173,000)
|
(391,453)
|
| Issuance of Long-Term Debt |
600,000
|
500,000
|
| Retirements of Long-Term Debt |
(150,000)
|
0
|
| Other Financing Activities |
(15,832)
|
(13,855)
|
| Net Cash Flows Provided by/(Used in) Financing Activities |
108,767
|
(48,345)
|
| Net Increase in Cash and Cash Equivalents |
15,512
|
27,019
|
| Cash and Cash Equivalents - Beginning of Period |
30,251
|
23,947
|
| Cash and Cash Equivalents - End of Period |
45,763
|
50,966
|
| The Connecticut Light And Power Company [Member] |
|
|
| Operating Activities: |
|
|
| Net Income |
90,208
|
87,047
|
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |
|
|
| Depreciation |
59,751
|
56,969
|
| Deferred Income Taxes |
47,864
|
58,363
|
| Regulatory Over/(Under) Recoveries, Net |
(18,734)
|
(70,195)
|
| Amortization of Regulatory Assets, Net |
12,803
|
9,878
|
| Other |
(2,373)
|
2,216
|
| Changes in Current Assets and Liabilities: |
|
|
| Receivables and Unbilled Revenues, Net |
(1,280)
|
(37,501)
|
| Taxes Receivable/Accrued, Net |
32,920
|
141,951
|
| Accounts Payable |
(16,957)
|
(5,040)
|
| Other Current Assets and Liabilities, Net |
(32,576)
|
(22,533)
|
| Net Cash Flows Provided by Operating Activities |
171,626
|
221,155
|
| Investing Activities: |
|
|
| Investments in Property, Plant and Equipment |
(181,601)
|
(147,131)
|
| Proceeds from the Sale of Property, Plant and Equipment |
0
|
9,047
|
| Other Investing Activities |
32
|
49
|
| Net Cash Flows Used in Investing Activities |
(181,569)
|
(138,035)
|
| Financing Activities: |
|
|
| Cash Dividends on Common Shares |
(49,600)
|
(49,900)
|
| Capital Contributions from Eversource Parent |
0
|
145,700
|
| Cash Dividends on Preferred Stock |
(1,390)
|
(1,390)
|
| Decrease in Notes Payable to Eversource Parent |
(76,700)
|
(161,900)
|
| Issuance of Long-Term Debt |
300,000
|
0
|
| Retirements of Long-Term Debt |
(150,000)
|
0
|
| Other Financing Activities |
(3,631)
|
(205)
|
| Net Cash Flows Provided by/(Used in) Financing Activities |
18,679
|
(67,695)
|
| Net Increase in Cash and Cash Equivalents |
8,736
|
15,425
|
| Cash and Cash Equivalents - Beginning of Period |
6,579
|
1,057
|
| Cash and Cash Equivalents - End of Period |
15,315
|
16,482
|
| NSTAR Electric Company [Member] |
|
|
| Operating Activities: |
|
|
| Net Income |
66,162
|
54,493
|
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |
|
|
| Depreciation |
55,216
|
51,886
|
| Deferred Income Taxes |
29,199
|
32,878
|
| Pension and PBOP Contributions, Net of Pension, SERP and PBOP Expense |
(10,422)
|
(12,953)
|
| Regulatory Over/(Under) Recoveries, Net |
4,373
|
(16,746)
|
| Amortization of Regulatory Assets, Net |
4,977
|
4,683
|
| Other |
(3,691)
|
(3,245)
|
| Changes in Current Assets and Liabilities: |
|
|
| Receivables and Unbilled Revenues, Net |
(2,376)
|
(29,132)
|
| Fuel, Materials, Supplies and Inventory |
(32,050)
|
(40,322)
|
| Taxes Receivable/Accrued, Net |
38,970
|
33,938
|
| Accounts Payable |
(19,025)
|
1,187
|
| Other Current Assets and Liabilities, Net |
2,371
|
19,600
|
| Net Cash Flows Provided by Operating Activities |
133,704
|
96,267
|
| Investing Activities: |
|
|
| Investments in Property, Plant and Equipment |
(132,105)
|
(91,319)
|
| Other Investing Activities |
(3,617)
|
0
|
| Net Cash Flows Used in Investing Activities |
(135,722)
|
(91,319)
|
| Financing Activities: |
|
|
| Cash Dividends on Common Shares |
(46,500)
|
(90,300)
|
| Cash Dividends on Preferred Stock |
(490)
|
(490)
|
| Decrease in Notes Payable |
48,000
|
86,000
|
| Other Financing Activities |
(38)
|
0
|
| Net Cash Flows Provided by/(Used in) Financing Activities |
972
|
(4,790)
|
| Net Increase in Cash and Cash Equivalents |
(1,046)
|
158
|
| Cash and Cash Equivalents - Beginning of Period |
3,494
|
3,346
|
| Cash and Cash Equivalents - End of Period |
2,448
|
3,504
|
| Public Service Company Of New Hampshire [Member] |
|
|
| Operating Activities: |
|
|
| Net Income |
34,312
|
36,058
|
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |
|
|
| Depreciation |
30,735
|
28,235
|
| Deferred Income Taxes |
11,290
|
21,181
|
| Regulatory Over/(Under) Recoveries, Net |
3,507
|
(2,291)
|
| Amortization of Regulatory Assets, Net |
5,445
|
8,518
|
| Other |
(4,471)
|
(9,166)
|
| Changes in Current Assets and Liabilities: |
|
|
| Receivables and Unbilled Revenues, Net |
1,149
|
(17,207)
|
| Fuel, Materials, Supplies and Inventory |
(3,371)
|
6,903
|
| Taxes Receivable/Accrued, Net |
1,778
|
57,935
|
| Accounts Payable |
5,475
|
2,100
|
| Other Current Assets and Liabilities, Net |
27,332
|
24,021
|
| Net Cash Flows Provided by Operating Activities |
113,181
|
156,287
|
| Investing Activities: |
|
|
| Investments in Property, Plant and Equipment |
(75,327)
|
(72,338)
|
| Other Investing Activities |
(145)
|
84
|
| Net Cash Flows Used in Investing Activities |
(75,472)
|
(72,254)
|
| Financing Activities: |
|
|
| Cash Dividends on Common Shares |
(18,500)
|
(19,400)
|
| Capital Contributions from Eversource Parent |
0
|
11,500
|
| Decrease in Notes Payable to Eversource Parent |
(16,000)
|
(74,200)
|
| Other Financing Activities |
(112)
|
(86)
|
| Net Cash Flows Provided by/(Used in) Financing Activities |
(34,612)
|
(82,186)
|
| Net Increase in Cash and Cash Equivalents |
3,097
|
1,847
|
| Cash and Cash Equivalents - Beginning of Period |
4,646
|
1,733
|
| Cash and Cash Equivalents - End of Period |
7,743
|
3,580
|
| Western Massachusetts Electric Company [Member] |
|
|
| Operating Activities: |
|
|
| Net Income |
17,218
|
16,827
|
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |
|
|
| Depreciation |
12,002
|
11,371
|
| Deferred Income Taxes |
16,176
|
9,921
|
| Regulatory Over/(Under) Recoveries, Net |
(452)
|
(6,100)
|
| Amortization of Regulatory (Liabilities)/Assets, Net |
(488)
|
1,212
|
| Other |
(326)
|
(541)
|
| Changes in Current Assets and Liabilities: |
|
|
| Receivables and Unbilled Revenues, Net |
(5,924)
|
2,197
|
| Taxes Receivable/Accrued, Net |
(1,404)
|
26,976
|
| Accounts Payable |
(10,141)
|
(11,011)
|
| Other Current Assets and Liabilities, Net |
(4,057)
|
(136)
|
| Net Cash Flows Provided by Operating Activities |
22,604
|
50,716
|
| Investing Activities: |
|
|
| Investments in Property, Plant and Equipment |
(32,744)
|
(39,891)
|
| Other Investing Activities |
9
|
13
|
| Net Cash Flows Used in Investing Activities |
(32,735)
|
(39,878)
|
| Financing Activities: |
|
|
| Cash Dividends on Common Shares |
(9,500)
|
(9,500)
|
| Decrease in Notes Payable to Eversource Parent |
20,400
|
100
|
| Other Financing Activities |
0
|
(3)
|
| Net Cash Flows Provided by/(Used in) Financing Activities |
10,900
|
(9,403)
|
| Net Increase in Cash and Cash Equivalents |
769
|
1,435
|
| Cash and Cash Equivalents - Beginning of Period |
0
|
834
|
| Cash and Cash Equivalents - End of Period |
$ 769
|
$ 2,269
|